Bluerock (BPRE) Director Ramin Kamfar Buys 425,590 Shares

What Happened Ramin Kamfar, a director of Bluerock Private Real Estate Fund (ticker: BPRE), acquired a total of 425,590 shares in open-market/private purchases over Sept 28–30, 2026. The three reported transactions were: 135,669 shares at $12.50 ($1,696,012) on 2026-09-28; 135,817 shares at $12.60 ($1,711,688) on 2026-09-29; and 154,104 shares at $12.61 ($1,943,544) on 2026-09-30. Total consideration for the purchases was approximately $5.35 million. These were purchases (insider buys), which are often viewed by investors as a more informative signal than routine sales.

Key Details

• Transaction dates and reported prices:
  • 2026-09-28: 135,669 shares @ weighted avg $12.50 (range $12.44–$12.57) — $1,696,012. (F2)
  • 2026-09-29: 135,817 shares @ weighted avg $12.60 (range $12.56–$12.65) — $1,711,688. (F3)
  • 2026-09-30: 154,104 shares @ weighted avg $12.61 (range $12.56–$12.65) — $1,943,544. (F4)
• Aggregated purchase: 425,590 shares for ~$5,351,244.
• Purchased through an entity controlled by the reporting person: Bluerock Asset Management, LLC. (F1)
• Filing: Form 4 filed 2026-09-30 for transactions on 2026-09-28 to 09-30; filing appears timely under the Form 4 two-business-day rule.
• Reporting note: filing was submitted by an attorney-in-fact under a limited power of attorney (remark in filing).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context These are straightforward open-market/private purchases (transaction code P). For retail investors, insider purchases can indicate the insider was willing to invest personal or affiliated capital; the filing does not explain motivation. All price points are reported as weighted averages with ranges provided in footnotes, indicating multiple executions per day.